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No Brainer: Icahn Amasses More Apple Shares

by John Paczkowski

With Apple shares trading down more than seven percent on disappointing first-quarter iPhone sales, Carl Icahn, the company’s No. 1 fanboi, seized the opportunity to buy up more of its shares. In a Tuesday morning tweet, the gadfly investor who last week pushed his “no brainer” investment in Apple to $3.6 billion, said he has raised his stake again. “Just bought $500 mln more $AAPL shares,” Icahn tweeted. “My buying seems to be going neck-and-neck with Apple’s buyback program, but hope they win that race.”

This article originally appeared on Recode.net.

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